RE:MD&A end March 2022 - just released Newtechfan wrote: Revenues 'consistent from quarter to quarter' (page 13) at $ 6000 rounded up.
Only coming from STAR ADS in revenue service as the other activities are all dormant.
I had one person checking on the number of aircraft in actual revenue service, as I did not get any answer to that simple question: 2 aircraft equipped have been identified.
That makes each aircraft today generating ....$ 1000 a month.
Note: if mor aircraft are equipped the revenue generated per aircraft is even lower.
Expenses have also been consistent from quarter to quarter at $1300000 and change per quarter, which makes $ 433000 and change per month.
Brutal maths: 433 aircraft need to be equipped to cover expenses.
Announced orders (all conditional) by STAR so far : 14 aircraft. Provided they all 'come through' and are equipped , they may start to generate revenues ($1000 a month per aircraft ) by end 2022.
Whoa that is a high burn rate for a company with so little revenue. You can look at it in a negative way and see it as management is on the race to crash the company as fast as possible. But being that this has already happened with pif paf, I will choose to look at the high burn rate as a positive. Looks to me like they are working hard at resurging this company. Time will tell if they succeed. Sounds stupid but i like the burn rate very much. Now go get us some revenue Star team!